Laserfiche WebLink
• <br />AGENDA ITEM 1C <br />STAFF ORIGINATOR: Michael Grochala <br />DATE: 10/8/01 <br />TOPIC: Consideration of Marketplace Development <br />Agreement <br />VOTE REQUIRED: 3/5 <br />BACKGROUND: <br />A development contract between the City of Lino Lakes and Ryan Companies <br />outlines the rights and responsibilities of each party. Included in the contract is a <br />purchase agreement between the two parties for the sale of the "remnant" parcel <br />that the city plans to acquire from JADT. The contract and purchase agreement <br />have been reviewed by the city attorney. <br />• The contract and a letter from the city attorney related to the matter will be <br />included in the Council's updated packet on Friday. <br />OPTIONS: <br />1. Approve the Development Contract and authorize execution by the Mayor <br />and City Clerk <br />2. Do not approve the Development Contract <br />3. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />• <br />